​​HOUSTON - NewQuest Properties will develop a $75 million community lifestyle center on the last available commercial parcel at the King family's 704-acre Arabian horse farm in west Houston.

The project will include a Kroger Signature store that will anchor the first phase of Stableside at Falcon Landing, along with 28,700 sf of inline retail space, a 7,350-sf multi-tenant building and four pad sites.

The first phase will feature restaurants, fitness, salons, pet stores, and banks.

Phase II of the project will feature a 39,000-sf theater, oversized shared green space with patio seating and a water feature.

Scraping on the 34.4-acre site will commence in two months. Stableside at Falcon Landing is slated to open in December 2016.